Topic: Larry ink of BlackRock says he thinks Bitcoin is going up. (Read 190 times)

I would also say the same after i have bought 1 billion worth of bitcoin. That's only a guy who wants pump his own bag. He's very similar to the Saylor now. However, i still see him as untrustworthy guy. lol

It's also funny to see how fast Larry to turns around about bitcoin. He went from bashing bitcoin to always predicting bitcoin to get another zero.

There are two big things that we have to filter when we hear his publication about the above, whether it is just his personal motivation or he has linked it to future market analysis, but if I see if they have said it, I think it will happen and who does not know his company and its performance. Yes, implicitly and already public, BTC will soon be as he said and it is only a matter of time.

Not if they don’t panic, because the current price isn’t even the highest yet. Larry Fink made a bold prediction for Bitcoin’s price, and while it will probably happen, it’s still a long-term play and it could take many years to reach that level.

With ETF investments, it’s now easier for people who aren’t well-versed in Bitcoin to get into the market since they’re letting companies manage their funds.
And for firms like BlackRock, which also has a Bitcoin ETF, they aren’t really losing anything regardless of price movements. But if the market is bullish, they stand to benefit big time as more people will be encouraged to invest, and their fee revenues will skyrocket.

If people will be in rush investing into this market, they will surely lose in some way.  Because they are in a hurry to earn profit.

As people are after for the quick gain when they hear crypto market, most of them are thinking that when they got a hold of some satoshis or some tokens or coins, they can easily sell it to like 10x or more of profit. But once, they finally join this market, they will realize that there's more than meets the eyes in this scenario. Because even with btc market, it doesn't mean that once you bought some, it will suddenly increase and get multiple fold of profits. You still need to wait and see where the market is heading to.

just remember these 2 things
a. what the elites say publicly is not the same as what he says to his chums and peers privately
b. when the public learn or hear what elites say, the elites have already responded and reacted a long time before.

in short when they say sell its nearly time to buy, when they say buy its nearly time to sell

Oh boy this is a bit nerve wrecking walking in to this thread, but I will leave my 2.  Larry Fin is a powerful man, and as such he's also no fool.  If he really has truly does his homework on bitcoin, which I believe he has, then he does understand how much potential upside it has and isn't lying.  That doesn't mean he not saying these thing to try and help drive the price of bitcoin up, because I'm sure everything he does is for reason of that nature.

anyone studying bitcoin economics can plainly see the price wants to go up naturally but is currently being held down via whale suppression (market order walls)
there are many, many countries whereby mining bitcoin can cost them upto $350k/btc so naturally buying bitcoin on the market at the moment is good discount to them.

the institutional whales however from other countries dont want the price to jump so quick just yet as they want to be buying more coin while prices are low.

knowing that if the entire planet can mine for less than say $400k, then no one is silly to pay on the market for more then other ways to acquire bitcoin
(the same economic mentality was proven in 2021 when the market tested the $70k top which had a planetary max mining cost of $75k at the time)

however yes although economic logic shows that getting to $700k soon is impractical economically, we also dont know if the whales will let the market test the economically logically upper limit of under $400k, the whales may keep the price suppressed to any number under $350k

..
as for blackrock itself. their revenue is not that high(only $1b-$6b). and they cant just liquidate their sponsors coin that are locked up in trust.. it is however the sponsors who could liquidate shares to then liquidate btc out of the locks and then use that fiat to play the markets(or use other fiat they may have access to)
in short "blackrock" is not the whale, its blackrocks sponsors that bought coin deposited it with blackrock in trust, and then got the baskets of shares for the sponsors to sell shares on blackrocks platform to the sponsors customers, whom are the whales related to blackrock (the sponsors and sponsors customers)

Anyone can say bullish things, big and small, but if people aren't in the same mood already - it will be seen as a mad story for the general audience / investors / MMs, etc.

Liquidiyt is most likely to cause pump or dump but thats not the only factor. Market sentiment, news and whales also play a role in infulaecing the pump or dump of any asset.

This will literally seem like price manipulation. Of course the whales are always in control of the market whenever they want to take profit and funny enough they still be the one who buys back when others start selling their fractions after the short time pump. Also, there i a deep sense in what you say here. If Black rock speculations most of the time turns out to be true then any investor should be wise enough to hold on to the period these big companies are willing to hold their Bitcoin.

Sounds bullish indeed.
No matter how much time would be needed, I think his and many others' words about the price mentioned would become true.
It's natural for Bitcoin to become more valued and appreciated as time goes on.
It's not about the numbers, it's about the vision and adoption that bring these numbers up.

People who can learn properly will stay and be good hodlers for the future to come.
Those who would dive straight in without the proper facts and understanding would lose their depo probably and start anew with knowledge intact.

Larry  is a well-known figure in the crypto space, and since most of us here are already bullish, it wouldn’t make sense for him to speak against Bitcoin, that wouldn’t benefit his business at all.

BlackRock makes money from management fees on the funds they handle. The more clients they bring in, the more fees they collect. So it’s a no-brainer that he’d hype the market as it directly benefits his business. Honestly, this isn’t even interesting anymore because most of us probably already agree with what he’s saying.

Cryptocurrencies look attractive to some, but when we really know how this market works, there may be only a few people who will stay. Of course and why should we be confused about which coin to buy in the current situation, BTC is still at the top of our buying list. proven to be a good coin in a few years makes investors will put it in their pockets and may be the biggest asset in their portfolio. in the next few years will.

bitcoin is completely unpredictable but I guess some people might have better information than we the average joe has, so i won't dismiss his opinion on BTC price but we all here know that behind every statement there's always ulterior motive but since I also hold BTC anyway, definitely need some speculation like this to come up to spark some bullish sentiment .

regardless whether he say BTC is going to $700k or 1 million, i'm gonna hold my bitcoin for the very reason that it's a good hedge against inflation and thats it, the big gain is a bonus.

Yes, and so are the dozens of anti-Bitcoin during the 2018 bear market like Jaime Dimon. So it's obvious what is the narrative of Larry Fink here, they are business entities, one of the biggest if not the biggest multinational investment company.

And for those who might not be aware, it's really very good to hear that Bitcoin is going up to this kind of price. But it's not that easy though, it will have to go to another bull and bear cycle and we all know that it happens every 4 years. So there is time as well in the equation here and it's not like this year, the price will go on a parabolic rise to $700k. He is just saying this so that their client invest more resulting to a huge profit on them.

fixed that for you
most wall street guys will timely say both good and bad things about assets to benefit their business.. but always be in benefit of their business, not the asset

remember when the price was in its correction season(best season to buy) he was saying negatives about bitcoin trying to get other people to not buy bitcoin so he could hope to keep price low... oh wait fink was then in a stage of wanting to buy for himself and his chums but wanting naive investors to stay away

and now bitcoin is in the ATH season when the roles switch and its about to enter a sell season (near the top), he doesnt want people selling near the top but get sellers to wait for $700k and wants people to buy $350k-$700k.. whilst he is personally knowledgeable of the natural economic top speculated($350k) which is a obvious target to sell. which i feel he would take himself whilst trying to get everyone else to not take

Whatever Larry Fink thinks doesn't matter. He will say what he needs to say. He's making a lot of money out of Bitcoin. Needless to say, he won't publicly make statements that would be detrimental to Bitcoin, because that would also be detrimental to his business.

We can doubt Larry Fink's support on Bitcoin's fundamental philosophy though. I doubt Larry Fink truly supports decentralization and financial independence and other principles Bitcoin stand for.

even an average joe has common sense better than larry finks estimations

based on the 800exa and looking at the current generation of asics prices and electric requirements.. estimating a 2year ROI of mining
brings out a average mining cost from cheapest on the planet electric to most expensive region of planet electric cost, produces a market speculative window currently of $60k-$350k

no one would want to buy bitcoin above $350k right now if the markets peaked to it because everyone on planet could mine for less... so him suggesting $700k is not based on logic of economics

the only reason he would suggest $700k ATH is because he deep down knows the limit is closer to the $350k mark. however he knows the buys would dry up around $350k so he wants to suggest $700k thinking naive traders will keep buying at or above $350k amount so he can sell at $350k without resistance

he wants naive people to pump the price unnaturally above $350k where they are naively duped thinking they could 2x($700k) in days/weeks.. whilst larrys guys are actually selling in the $350k position

welcome to the mind of wallstreet

As a big player in the financial industry, he might have access to some information that is not in the public space. He might also just speculating, after all, we have had many predictions from many people. However, Bitcoin getting to $700k might not be this year regardless of the level of adoption. Maybe it might happen in a few years.

As the head of a company that has large amount of Bitcoin, Larry Fink will  always promote it. Off course he wants more people to invest in Bitcoin ETF, thus position it as a hedge against inflation might make people to invest in it.

Such is a good speculation as we anticipate Bitcoin hitting that price but would take time to get to that price. What gave me the assurance of bitcoin reaching such price is how it started to this point and price it is currently valued which means bitcoin would grow much better in price value.

As for Larry Fink, he is not the first to predict bitcoin new price as there have been such in the past with lots of speculations on bitcoin price reaching a new all time high which some are yet to be achieved while some already achieved but one thing we should know is that everyone is positive about bitcoin and any price speculated would definitely take time to be achieved.